Global Business Environment: Factors, Challenges and Influences

This report provides a comprehensive analysis of the global business environment, focusing on the key factors of cost, market, environment, and competition that drive global commerce and trade. It delves into the strategic challenges faced by organizations operating in a global environment, supported by examples, and evaluates the influences of globalization on organizational governance, leadership, structure, culture, and functions. The report also assesses the impact of ethical and sustainable globalization on organizational functions and explores different decision-making approaches in a global context, along with various routes to internationalization and their associated barriers. The analysis is conducted with specific reference to the transportation and warehousing firm, Ray C Smith, providing practical insights into the complexities of global business operations and the strategies required for success.